Browsing: CBN

In continuation of its intervention in the inter-bank foreign exchange market, the Central Bank of Nigeria on Friday injected the sum of $218.41 million into the retail Secondary Market Intervention Sales and CNY 18 million in the spot and short-tenored forwards segment of the inter-bank foreign exchange market.

The Director Corporate Communications of the Central Bank of Nigeria, Isaac Okorafor, says it is not the job of the Apex bank to decide how much commercial banks are dispensing in their ATMs to consumers, but to protect them.